BAKE — Will Soon AwakeAfter confirming support twice at the blue area that also coincides with the golden ratio retracement, BAKE is getting ready for an epic breakout which will be the beginning of the third wave.
There is very little space left under the trendline and it can happen any time now:
RSI is stable and moving sideways around 50.
BAKE/BTC holds support very well. This is one of the strongest coins on the market right now.
The chart shows three sets of Fibonacci targets: retracement levels of the bear market and extension levels of waves 1 and 2. Best places to sell are where the Fibonacci levels coincide with resistances and with each other. The area around the previous ATH coincides with 1.618 and 2.36 so it's going to be a particularly strong resistance.
Maximum upside potential is around 3000%.
